'The university degree is dead'

The Money Show’s Bruce Whitfield interviewed Dion Chang, founder of Flux Trends.

Chang argued that the university degree is dead.

He gave the following five reasons for saying so:

  • In terms of scarcity; degrees have become more common, therefore less valuable in economic terms.

  • Degrees cost more today, but are worth less. The debt repayments versus future income simply don’t add up.

  • Modern businesses don’t consider degrees essential anymore (last year accountancy firm EY announced in London that it will no longer consider degree or A-level results when assessing potential employees).

  • The new HR mantra of “hire for attitude and retrain for skills” (this puts into question the link between tertiary education and what the changing job market requires).

  • The growing divide between “legacy companies” and new, agile “responsive companies”. Legacy HR models tend to value “managers” – people with graduate degrees from prestigious business schools. In a “responsive company” the emphasis on people is all about making and learning. "Makers” are people who have skills - as opposed to credentials. They think by doing: experimenting, testing, and learning.

Listen to the interview below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
Why the rand is weak(ish), despite near-record consumer confidence

Why the rand is weak(ish), despite near-record consumer confidence

The Money Show’s Bruce Whitfield interviews economist Mamello Matikinca.

How the 'creative economy' mines ideas, and turns them into money

How the 'creative economy' mines ideas, and turns them into money

Bruce Whitfield interviews The Loerie Awards CEO Andrew Human about the science of creativity and the creative economy.

ANN7, New Age rebrand… The customer is no fool, warns ad expert Andy Rice

ANN7, New Age rebrand… The customer is no fool, warns ad expert Andy Rice

No amount of name changing, or logo redesign, will have any effect if the underlying product remains defective, warns Rice.

Audit firm Nkonki blames media for biting the dust after losing Govt contracts

Audit firm Nkonki blames media for biting the dust after losing Govt contracts

The Money Show's Bruce Whitfield interviews Nkonki's Thuto Masasa, Willem Oberholzer and Dr Steven Firer.

Get the best bits of ‘The Money Show’ emailed to you daily, right after it ends

Get the best bits of ‘The Money Show’ emailed to you daily, right after it ends

Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?

Dion Chang can spot a trend a mile away (and made doing so his business)

Dion Chang can spot a trend a mile away (and made doing so his business)

Meet fashion icon Dion Chang, one of South Africa’s most celebrated trend analysts, and learn where our brave new world is headed.

Popular articles
Why many couples today are struggling with marriage

Why many couples today are struggling with marriage

Dr Eve advises that many modern couples need marriage to be a safe space for self-expression and self-actualisation.

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

AfriForum not backing down over decision to privately prosecute Julius Malema.

Ed Dept scraps supplementary exams for matriculants

Ed Dept scraps supplementary exams for matriculants

The Department of Basic Education has announced it will do away with matric supplementary exams from 2019.

Why it's not easy getting a refund or replacement after buying a dud car

Why it's not easy getting a refund or replacement after buying a dud car

Motor Industry Ombud Johan Van Vreden says the component of the car must first be replaced if it's defective, not the whole car.

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean has agreed to pay for customers medical bills after a month of being in pain and pestering the chain to pay the bill.